Universal Insurance Holdings, Inc. (NYSE: UVE – Get Rating) Director Sean P. Downs sold 20,000 shares of the business in a deal on Friday, June 24th. The shares were sold at an average price of $ 12.93, for a total transaction of $ 258,600.00. Following the transaction, the director now directly owns 1,401,539 shares in the company worth $ 18,121,899.27. The transaction was disclosed in a legal file to the Securities and Exchange Commission, which is available at this link.
UVE opened at $ 12.96 on Friday. The shares have a market capitalization of $ 401.11 million, a PE ratio of 36.00 and a beta of 1.10. The company’s 50-day moving average is $ 12.53, and its 200-day moving average is $ 14.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a fast ratio of 0.38. Universal Insurance Holdings, Inc. has a 12-month low of $ 11.55 and a 12-month high of $ 19.64.
Universal Insurance (NYSE: UVE – Get Rating) last published its results for the quarterly earnings on Thursday, April 28. The insurance provider reported $ 0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.55 by $ 0.09. The company had revenue of $ 287.48 million for the quarter, compared to analysts’ expectations of $ 291.07 million. Universal Insurance had a net margin of 1.01% and a return on equity of 2.77%. During the same period last year, the company reported $ 0.84 earnings per share. On average, stock analysts predict that Universal Insurance Holdings, Inc. will report 1.65 earnings per share for the current fiscal year.
The company also recently announced a three-month dividend, which was paid on Friday (May 20th). The record shareholders on Friday, May 13, received a dividend of $ 0.16 per share. The date of the former dividend of this dividend was Thursday, May 12. This represents a $ 0.64 dividend on an annual basis and a dividend yield of 4.94%. Universal Insurance’s dividend payout ratio (DPR) is 177.78%.
Separately, StockNews.com raised Universal Insurance’s shares from a hold to a buy rating in a report on Wednesday (May 4th).
Large investors have recently changed their holdings in business. McIlrath & Eck LLC acquired a new stake in Universal Insurance in the fourth quarter worth $ 43,000. Lazard Asset Management LLC acquired a new stake in Universal Insurance in the fourth quarter worth $ 48,000. Quantbot Technologies LP acquired a new stake in Universal Insurance in the first quarter worth $ 58,000. Metropolitan Life Insurance Co. NY increased its stake in Universal Insurance by 105.9% in the third quarter. Metropolitan Life Insurance Co. NY already owns 6,935 shares of the insurer’s shares worth $ 90,000 after purchasing an additional 3,567 shares during the period. Finally, Captrust Financial Advisors increased its stake in Universal Insurance by 1340.5% in the first quarter. Captrust Financial Advisors already owns 9,464 shares of the insurance provider’s shares worth $ 128,000 after purchasing an additional 8,807 shares during the period. 65.84% of the shares are currently owned by institutional investors.
Profile of the Universal Insurance Company (Get a rating)
Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States. The company develops, markets and takes on insurance products for personal home insurance, such as homeowners, tenants / tenants, apartment owners and home / fire; and offers connected lines, coverage for other structures and coverage of personal property, liability and personal items.
Receive news and reviews for Universal Insurance Daily – Enter your email address below to receive a short daily summary of the latest news and analyst ratings for Universal Insurance and related companies with the FREE Daily Newsletter on MarketBeat.com.